Given: Opening cash balance ₦20,000 Sales of match tickets ₦15,000 Clearing of pitch ₦1,200 Refreshments ₦3,500 Referees' allowance ₦1,000 Cost of petrol ₦1...

Answer Details

To calculate the club's balance, we need to add up the income and subtract the expenses. Starting with the income: - Sales of match tickets: ₦15,000 - Donation from local government: ₦3,800 Total income = ₦18,800 Now, let's move on to the expenses: - Clearing of pitch: ₦1,200 - Refreshments: ₦3,500 - Referees' allowance: ₦1,000 - Cost of petrol: ₦1,120 Total expenses = ₦6,820 To calculate the final balance, we subtract the total expenses from the total income: Final balance = Total income - Total expenses Final balance = ₦18,800 - ₦6,820 Final balance = ₦11,980 However, we also need to add the opening cash balance of ₦20,000 to the final balance: Final balance + Opening cash balance = ₦11,980 + ₦20,000 Final balance = ₦31,980 Therefore, the club's balance is ₦31,980.